Assenagon Asset Management S.A. Raises Stake in Deckers Outdoor Corporation $DECK

Assenagon Asset Management S.A. lifted its stake in shares of Deckers Outdoor Corporation (NYSE:DECK) by 8.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 758,176 shares of the textile maker’s stock after purchasing an additional 56,070 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Deckers Outdoor were worth $75,886,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Activest Wealth Management grew its holdings in shares of Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DECK shares. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, May 22nd. Needham & Company LLC restated a “buy” rating and issued a $138.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Truist Financial set a $125.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, May 22nd. KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective on the stock. in a research report on Friday, May 22nd. Finally, Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $121.11.

Deckers Outdoor Stock Down 3.0%

DECK opened at $102.52 on Friday. The firm has a market cap of $14.24 billion, a P/E ratio of 14.56, a PEG ratio of 2.09 and a beta of 1.16. Deckers Outdoor Corporation has a 52 week low of $78.91 and a 52 week high of $126.50. The business’s fifty day simple moving average is $105.97 and its 200 day simple moving average is $105.85.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts expect that Deckers Outdoor Corporation will post 7.45 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.